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X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Consignor expenses Rs. 2,000. Y expenses non selling Rs. 2,000, selling expenses Rs.1000. 300 bags were sold by Y. Value of consignment Inventories will be:
  • a)
    Rs. 20,400
  • b)
    Rs. 20,200
  • c)
    Rs. 20,000
  • d)
    Rs. 21,000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Co...
Given data:
- X sends 400 bags to Y at Rs. 200 each
- Consignor expenses = Rs. 2,000
- Y expenses non-selling = Rs. 2,000
- Y expenses selling = Rs. 1,000
- 300 bags were sold by Y

To find:
- Value of consignment inventories

Solution:
1. Cost of goods sent by X to Y = 400 × Rs. 200 = Rs. 80,000
2. Total expenses incurred by X and Y = Rs. 2,000 + Rs. 2,000 + Rs. 1,000 = Rs. 5,000
3. Cost of goods sold by Y = 300 × Rs. 200 = Rs. 60,000
4. Gross profit earned by Y = Revenue - Cost of goods sold = (300 × Rs. 200) - Rs. 1,000 = Rs. 59,000
5. Gross profit percentage = (Gross profit / Revenue) × 100 = (Rs. 59,000 / Rs. 60,000) × 100 = 98.33%
6. Cost of goods unsold by Y = Cost of goods sent - Cost of goods sold = Rs. 80,000 - Rs. 60,000 = Rs. 20,000
7. Value of consignment inventories = Cost of goods unsold - Gross profit on unsold goods = Rs. 20,000 - [(98.33 / 100) × Rs. 20,000] = Rs. 21,000

Therefore, the correct answer is option 'D' - Rs. 21,000.
Free Test
Community Answer
X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Co...
Cost of bags :
400 ×200 = 80000

Value of the bags sold :
300 ×200= 60000

80000 - 60000 = 20000

20000 + consignor expenses - non selling expenses

20000 + 2000 - 2000 = 20000

20000+ Selling expenses

20000 +1000 = 21000..
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Question Description
X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Consignor expenses Rs. 2,000. Y expenses non selling Rs. 2,000, selling expenses Rs.1000. 300 bags were sold by Y. Value of consignment Inventories will be:a)Rs. 20,400b)Rs. 20,200c)Rs. 20,000d)Rs. 21,000Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Consignor expenses Rs. 2,000. Y expenses non selling Rs. 2,000, selling expenses Rs.1000. 300 bags were sold by Y. Value of consignment Inventories will be:a)Rs. 20,400b)Rs. 20,200c)Rs. 20,000d)Rs. 21,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Consignor expenses Rs. 2,000. Y expenses non selling Rs. 2,000, selling expenses Rs.1000. 300 bags were sold by Y. Value of consignment Inventories will be:a)Rs. 20,400b)Rs. 20,200c)Rs. 20,000d)Rs. 21,000Correct answer is option 'D'. Can you explain this answer?.
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